- On Capitol Hill
- On Wall Street
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- Policy Reform Work
Our projects are designed to empower policy makers to create positive change. With a focus on collaboration and outreach, we provide original, standards-based research on key policy issues.
SCEPA joined with the Economic Policy Institute on Capitol Hill to brief congressional staff and policy experts on tax expenditures, or incentives given through the tax code without scrutiny by Congress.
SCEPA economists are working on the prospects for a more progressive economic order to emerge from the shock of the recession. They have published papers and documents that place current events in a longer-term context as well as policy proposals to deal with short-term concerns. They are also documenting the emerging discussion of how the discipline of economics is reacting to the Great Recession and the questioning of conventional economic analysis.
Lance Taylor, a SCEPA Faculty Fellow, presents an overview of his new book, Maynard’s Revenge, in a Google Tech Talk.
The book, published this November by Harvard University Press, is a timely analysis of mainstream macroeconomics, posing the need for a more useful and realistic economic analysis that can provide a better understanding of the ongoing global financial and economic crisis.
The government spends $143 billion through tax breaks in an effort to expand pension coverage and security. Yet, over half of the American workforce does not have a pension. Retirement insecurity hurts business plans, workers’ lives and retiree well-being. Reform is needed.
SCEPA’s Guaranteeing Retirement Income Project, sponsored by the Rockefeller Foundation and in collaboration with Demos and the Economic Policy Institute, has a plan to guarantee safe and secure retirement income for all Americans.
Sanjay Reddy, an Associate Professor of Economics at The New School for Social Research and a SCEPA Faculty Fellow, was quoted in an article by the Inter Press Service (IPS) titled, "Economic Development Leaving Millions Behind," by Kanya D'Almeida. The article describes the work of the Society for International Development (SID)'s triennial World Congress that took place in Washington, DC, from July 29-31, 2011. The event was centered around the theme, "Our Common Challenge: A World Moving Toward a Sustainable Future."
Professor Reddy served as a panelist on the topic of sustainable human development. IPS quotes Reddy's comments, "What we need is a much more profound concern with how we can bring about structural changes in our economies and societies. When we talk of 'sustainability' we are [often discussing] what would be required to maintain certain levels of consumption for human beings with the notion that that level of consumption which is sustained should be as high as possible. We'll have to define the goal much more broadly if we are concerned with non-human life, with sentient beings or if we believe that there are other obligations that humans have on earth which go beyond what human beings can derive from the earth for our own satisfactions."
For more information, please read Professor Reddy's blog post on the SID website, "Sustainable Human Development: Beyond the Concept."
Growing external imbalances among member countries play a key role in the current economic crisis plaguing the European Monetary Union (EMU). Based on empirical evidence put forward in a recent paper, SCEPA researchers Willi Semmler, Christian Proaño, and Christian Schoder published a SCEPA Policy Note, The Euro and the Sustainability of Current Account Imbalances, to offer recommendations to reduce external imbalances caused, to some extent, by the Euro.
These findings can also be found on Economonitor - the economic policy blog of the Roubini Global Economics project.
by Rick McGahey, SCEPA Fellow
Like most economists with public policy experience (I served as Executive Director of the Congressional Joint Economic Committee in the 1990s), I've always assumed the debt ceiling would be raised before the U.S. goes into default. Although there is a good deal of political posturing, and a hard core of Tea Party diehards who actually think it would be all right to default, in the end I figured that cooler heads would prevail—or Wall Street and business leaders would convince Republicans not to take the economy over the brink.
But now I think default is possible, and getting more probable each day. The House Republicans are dominated by their hard-liners, who this morning announced they would reject the latest plan offered by their own Republican Speaker of the House John Boehner, who apparently cannot deliver votes from his own caucus.